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Why Century Aluminum Stock Soared Higher Today

TheMotleyFool

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Why Century Aluminum Stock Soared Higher Today: https://g.foolcdn.com/editorial/images/841775/big-pile-of-steel-scrap-metal.jpg

Friday is turning out to be a great day to own shares of Century Aluminum (NASDAQ: CENX) -- one day after the metals producer reported earning nearly twice Wall Street's forecast for Q3.

Heading into yesterday's report, analysts expected Century to earn $0.30 per share (adjusted) in Q3, on $628.1 million in sales. In fact, Century reported a profit of $0.56 per share, and sales of $632.2 million. And now, Century stock is up a solid 12% through 11 a.m. ET.

Image source: Getty Images.

Source Fool.com